Ethereum Price Crashes Below $2,000: How Low Can ETH Go?

Red candles everywhere. $Ethereum slipped below the $2,000 mark on Friday, November 13, 2026, for the first time since August. ETH tagged an intraday low of $1,894 on Bitstamp before buyers pushed it back toward $1,958, but the damage is done: the second-largest crypto is down more than 20% in a month, and its daily RSI just dropped into oversold territory.

So is this the bottom, or just a pause before the next leg down? We looked at the ETH charts on three timeframes to map the support levels, the rebound targets and the scenarios that matter for the days ahead.

Why Is Ethereum Crashing Today?

There is no single trigger behind the Ethereum crash. Several pressures are hitting at the same time:

• Hot inflation, hawkish Fed: October CPI came in at 0.4% against a 0.3% consensus. Instead of rate cuts, markets now price roughly 85% odds of a quarter-point Fed hike in December, according to CME FedWatch. The US dollar index climbed above 103, its highest level since April 2025.
• Ethereum ETF outflows: US spot Ether ETFs have bled money in every session since November 5. Six straight days of redemptions add up to roughly $532 million, according to Farside Investors data, with BlackRock's ETHA alone losing almost $130 million on November 11.
• Leverage flush: CoinGlass counted around $1.65 billion in crypto liquidations over 24 hours, close to 89% of them longs. Ethereum alone accounted for roughly $288 million. It is the second billion-dollar wipeout in eight days.
• Bitcoin dragging everything down: $Bitcoin fell under $70,000 and touched its weakest level since mid-August, pulling the whole altcoin market with it.